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As you have likely already been made aware, new guidelines with respect to qualifying rates on 5-year fixed mortgages will go into effect October 17th. Traditionally, on a 5-year fixed term, borrowers would qualify at the contract rate, for example 2.44% as of today. Going forward, 5-year fixed mortgages will now need to be qualified [...]

By nolan|
2016-10-04T18:19:57+00:00 October 4th, 2016|Uncategorized|Comments Off on Mortgage Rule Changes Canada

You would think that given the economic climate the real estate market and subsequently the amount of mortgages a mortgage brokerage is funding would be down, but that isn’t the case. While the number of real estate transactions may be down, the number of mortgages being completed by Mortgage360 is up. 2015 has been a [...]

Kevin O’Leary took the stage to much fanfare last week at the Calgary Real Estate Board’s annual forecast breakfast. The Shark Tank star provided levelheaded commentary on entrepreneurship, investing, and of course Real Estate. What intrigued many was O’Leary’s approach to a balanced portfolio and the suggestion that real estate is a suitable replacement for [...]

By nolan|
2015-04-15T21:08:28+00:00 January 16th, 2015|Investing, Mortgages, Real Estate|Comments Off on O’Leary Suggests Real Estate Could Replace Fixed Income in Portfolio

Below is our forecast for the Calgary Mortgage Market - 2015. The once seemingly clear crystal ball that existed prior to the surge of Calgary housing prices in 2006 turned hazy during the global financial crisis that began in 2008, and has remained hazy ever since. There have been moments since 2008 when predicting the [...]

The first article I wrote for this column back in June asked you, the reader, what’s your mortgage plan? Six months later, as we head into the home stretch of 2014 and start looking towards 2015, it is an opportune time to look at your mortgage plan once again. Having a mortgage plan—whether you are [...]

What would you do if you could wake up every morning and have enough money to do whatever you wanted to do that day? What if you didn’t have to punch the time clock, or head to the office for 9:00am? What if you didn’t have to let your boss determine your destiny? In the [...]

In last weeks column I discussed a client who recently purchased a rental property that will return 17% annually on just the cash flow and the mortgage repayment. 17% is a pretty good return, especially considering that as time goes on that return will increase as more and more principal is paid down, and as [...]

In order to be mortgage free faster it is completely up to you to take the steps necessary to accelerate your payments. You can’t just wait until your lucky six numbers come up in the lotto. Paying off your mortgage sooner is all about strategy and automation. Here are our three favorite ways to cut [...]

By nolan|
2015-01-02T21:26:49+00:00 November 18th, 2014|Mortgages|Comments Off on Tips to pay off your mortgage faster

Pre-payment privileges are the single most overlooked aspect of a mortgage by borrowers. Consumers, for whatever reason, seem to gloss over them as if they are a feature of the mortgage that will never be used, and really doesn’t matter, unless you win the lottery. However, pre-payment privileges are very important. They are what allow [...]

By nolan|
2015-01-02T21:11:03+00:00 November 12th, 2014|Mortgages|Comments Off on Understanding Pre-Payment Privileges